Bank of Mullins - Mullins, SC

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: state
Start Date: December 12, 1931
Location: Mullins, South Carolina (34.206, -79.254)

Metadata

Model: gpt-5-mini
Short Digest: ed31af9a

Response Measures

Full suspension, Books examined

Other: Peoples State Bank sent representatives to provide temporary facilities for Mullins businesses.

Description

Article (Florence Morning News, 1931-12-14) reports that First National Bank of Mullins closed on Saturday and the Bank of Mullins closed to protect itself against run. The bank suspended operations following a nearby bank's closure; no information in these articles about a reopening or permanent failure, so outcome is uncertain.

Events (2)

1. December 12, 1931 Run

Cause: Local Banks
Cause Details: Closings of First National Bank of Mullins precipitated or threatened withdrawals at Bank of Mullins.
Measures: Bank closed/suspended operations to protect itself against a run.
Newspaper Excerpt: the closing on Saturday First National Bank Mullins, which was followed the closing the Bank of Mullins to protect itself against run.
Source: newspapers

2. December 12, 1931 Suspension

Cause: Local Banks
Cause Details: Bank of Mullins closed its doors following the First National Bank's closure to protect against withdrawals and instability; state examiners investigating affairs of both banks were mentioned in the article.
Newspaper Excerpt: the closing on Saturday First National Bank Mullins, which was followed the closing the Bank of Mullins to protect itself against run.
Source: newspapers

Newspaper Articles (1)

1. December 14, 1931 Florence Morning News Florence, SC

Article from Florence Morning News, December 14, 1931

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Article Text

FLORENCE BANK RELIEF Peoples State Bank FurTemporary Facilities At the request of a delegation of citizens of Mullins whose two banks closed The Peoples State Bank of provide banking for the business interests that town and was nounced night McLeod. chairman of the board. Dr. stated that representatives of the interests of Mullins were here Saturday night conference and that order assist in Peoples Bank arranged furnish temporary banking facilities. Frank Brand, district vice president the Peoples State Bank. and Darby Cusaak, cashwill early this remain in Mullins long necessary, it stated. The action follows the closing on Saturday First National Bank Mullins, which was followthe closing the Bank of Mullins to protect itself against run. State bank examiners, it said last night, making an investigation affairs both of these